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Tag Archives: payments

Digital payments increasing at fast , says PM Modi

Addressing the India-Italy Technology Summit in the national capital, Prime Minister Narendra Modi said India has made technology a medium of social justice, empowerment, inclusiveness and ensuring comprehensive government mechanism. PM Modi asserted that today technology is an imporatant medium to ensure ease of living. He said that digital payments …

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TCS launches TCS BaNCS for Payments V12 at SIBOS 2018

Tata Consultancy Services (TCS) has launched TCS BaNCS for Payments V12 at SIBOS 2018. The latest version, certified SWIFT gpi-ready, has been launched to help banks unleash greater agility, innovation and transparency across the payments value chain. By embracing SWIFT gpi, TCS customers can now send and receive payments with …

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PM Modi launches India post payments bank

1.55 lakh access points will be active by Dec 2018. IPPB will provide simplicity in banking services. It will ensure the goal of banking the unbanked is achieved. There are close to 50,000 bank branches in rural India.  Now there will be new 1.55 lakh branches or access points that …

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80% hike in India Post Payments Bank: Cabinet

The Cabinet Committee on Economic Affairs, chaired by  Prime Minister Narendra Modi approved the umbrella scheme Ocean Services, Technology, Observations, Resources Modelling and Science, O-SMART. It provides economic benefits to fisheries, offshore industry, coastal states, Defence, Shipping, and Ports, and is important for achieving various aspects of the Blue Economy. …

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RBI seeks on payments data storage every fortnight

“You are hereby advised to inform the status of ensuring compliance…The same shall be submitted by June 8, 2018, followed by an update on progress at fortnightly intervals thereafter,” the RBI said in the letter referring to its order dated April 6, 2018. A payment bank official on the condition …

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